Showing 1 - 10 of 799
We extend Vind's classical theorem on the measure of blocking coalitions valid in finite dimensional atomless economies … general class of Aubin coalitions for which a suitable version of Grodal's result ([17]) is also formulated. Our results wish … to point out the relevance of cone conditions dealing with blocking coalitions of arbitrary measure or weight. …
Persistent link: https://www.econbiz.de/10010923395
>) core characterizations of a continuum economy may fail in this general informational setting. However, under mild … coalition according to the rule. We then focus on information mechanisms based on the size of coalitions and provide a general … to each member of specific coalitions. We prove that the resulting cores are exactly the same independently of whether …
Persistent link: https://www.econbiz.de/10010993552
compared in this paper with the solutions with the property of ?-core stability. Key instruments for that comparison are the … as they result from unacceptable, i.e. unstable imputations. The relation between internal and core stable solutions is … exist. But this class of games is more restricted than the one for which only ?-core solutions exist. The argument is first …
Persistent link: https://www.econbiz.de/10011246306
timing of the coalitions of firms yield very di¤erent results on the set of allocations which are core-stable. We then … introduce the concept of core in games with externalities. We show that different assumptions on the behaviour as well as on the …
Persistent link: https://www.econbiz.de/10009395805
A coalitional matching is a two-sided matching problem in which agents on each side of the market may form coalitions … would like to learn from. In this setup, we examine how the existence of core stable partitions on the distinct market sides … respect common rankings shape the existence of core stable coalitional matchings. …
Persistent link: https://www.econbiz.de/10005423256
An evolutionary style model of recontracting is given which guarantees convergence to core allocations of an underlying …
Persistent link: https://www.econbiz.de/10010582585
coalitions of firms yield very different results on the set of allocations which are core-stable. We then consider the stability … concept of core in oligopoly games. We show that different assumptions on the behaviour as well as on the timing of the …
Persistent link: https://www.econbiz.de/10010712489
characterize the core as a function of the utility's parameter values and show that in all cases the corresponding cores are non …-empty. We further discuss the core stable outcomes in terms of their segregating versus integrating properties. …
Persistent link: https://www.econbiz.de/10008674334
neither arbitrarily small coalitions nor large coalitions are enough to block an allocation which is not in the core, due to … the core provided by Vind and Schmeidler (1972) to economies with asymmetrically informed traders. We then focus on … information sharing rules based on the coalitions' size. Assuming the existence of coalitions to which the sharing rule associates …
Persistent link: https://www.econbiz.de/10009004814
We define a bargaining set for finite economies using Aubin’s veto mechanism and show its coincidence with the set of Walrasian allocations. Then, we rewrite our notion in terms of replicated economies showing that, in contrast with Anderson, Trockel and Zhou’s (1997) non-convergence result,...
Persistent link: https://www.econbiz.de/10011183541